The Central Okanagan real estate market is off to a promising start in 2025. With rising sales activity, increased inventory, and climbing prices, there’s renewed confidence among buyers and sellers alike. Whether you’re planning to buy or sell, staying informed about these market trends is key to making smart decisions. Here’s a detailed look at the latest market insights and updates.


Real Estate Inventory Trends

The Central Okanagan region welcomed 334 new listings in January 2025, reflecting a modest 4.4% increase compared to the same period last year. Active listings climbed to 2,282—up 13.7% year-over-year—giving buyers more options and signaling a healthy balance between supply and demand.

Key Takeaway:

For buyers, this growing inventory means more opportunities to find the perfect home. Sellers, on the other hand, may face increased competition, emphasizing the importance of strategic pricing and marketing.


Home Prices on the Rise

January saw the benchmark home price rise 5.3%, reaching $1,023,700. While property values continue to grow, the average days to sell extended to 77, suggesting that buyers are taking their time to explore options before making a decision.

Additionally, sales surged by an impressive 41%, with 116 units sold. This robust growth highlights strong buyer demand and the diverse property options available in the market.


Kelowna Rental Market Update

Kelowna’s rental market remains dynamic, adjusting to meet demand as we move into 2025. Rental prices for 2-bedroom apartments vary widely:

  • Luxury units: $2,700–$2,800

  • Basic rentals: $1,750–$2,000

The median rental price reflects a city catering to a wide range of housing needs, from affordable options to high-end luxury living.

 

Browse Properties For Rent


Spotlight on the New BC Home Flipping Tax

Homeowners in British Columbia face a significant new regulation in 2025: the BC Home Flipping Tax. This tax targets properties sold within two years of ownership and could have a substantial impact on your bottom line.

Key Rules to Know:

  1. 730-Day Rule: Selling a property within two years of ownership triggers the tax.

  2. Presale Start Date: For presale properties, the clock starts when the contract is signed—not when you take possession.

  3. Flip Penalty: Selling within the first year could result in up to 20% extra taxes on your profit.

  4. Living Adjustment: Living in the property for at least one year may earn you a $20,000 exemption on taxable profit.

  5. Family Transfer Exception: Properties transferred within the same family and held for over two years are typically exempt from the tax.

This tax underscores the importance of careful planning and professional advice when selling your home.

For detailed guidance, reach out to our team—we’re here to help you navigate these changes.


Explore a Career in Real Estate with Vantage West Realty

Looking to start or grow your career in real estate? Don’t miss our Career Info Night at Vantage West Realty! This event is tailored to anyone exploring the industry or aiming to take their career to the next level.

Event Details:

Date & Time: January 27th, 4:30 - 6:00 PM
Location: 1060 Manhattan Dr Suite 100, Kelowna

Discover the opportunities, training, and support we offer to help you succeed in this dynamic industry.

Reserve Your Spot Now

 

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Final Thoughts

The Central Okanagan real estate market in 2025 is filled with opportunities for both buyers and sellers. With growing inventory, rising prices, and new regulations like the BC Home Flipping Tax, staying informed is more important than ever.

Have questions about the market or want personalized advice? Reach out to us today!

 

 

Posted by AJ Hazzi on
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